A new model of lmolecular electronics is proposed as an alternative to the ‘soliton logic’ developed by Carter. The model is based on the principles of continuity of conjugated ionic–hydrogen bond systems (CIHBSs) in the construction of supramolecular structures and conjugation through the hydrogen bond in energy transduction. It is presumed that these principles are realized in biostructures. The Concept implies a symmetrica oligomeric organisation of supramolecular structures and an oscillatory mode of their functioning. The basic architecture and basic elements have been identified. The basic architecture is determined by periodic CIHBSs. The latter have been analysed in proteins, nucleoproteids and biomembranes. The basic elements contain groups capable of building in CIHBSs. Charge generators, valves and other basic elements contain groups capable of building in CIHBSs. Charge generators, valves and other basic elements have been distinguished among biomolecules. Oligomeric enzymes have been suggested as functional prototypes of molecular processors–multivibrators where CIHBSs form Feedback loops and Provide energy recuperation. Technologcal aspects of designing molecular electronic devices on CIHBS principles have been considered. The most challenging and complicated problem is the creation of supramolecular structures with properties which can be specified in advance. Synthesis of membrane two‐dimensional active media capable of storing and processing information in the mode of parallel fluxes is suggested as the most promising route for the fabrication of biochips.